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GSLO Acquires Exclusive North American Distribution Rights to Volt Solar Charger

^{Published on 2011-01-12 06:26:23 - Market Wire}
 

NEW ORLEANS--([ BUSINESS WIRE ])--GoSolarUSA (Pink Sheets: GSLO) announced today that it acquired the exclusive North American distribution rights to the Volt Solar Charger accessory for the Apple iPhone.

"With the announcement yesterday that the iPhone 4will be available on the Verizon (NYSE: VZ) Wireless network beginning in February, we anticipate that the massive domestic market for iPhone accessories such as the Volt will grow even larger in the coming months."

GoSolarUSA completed the acquisition by signing a distribution agreement with Xiamen Solar Electronics (XSE), the Chinese developer of the Volt. The agreement provides GoSolarUSA the exclusive right to sell and distribute the Volt in North America, the worlda�s largest market for iPhone accessories.

The deal is only the latest development in the burgeoning relationship between GSLO and XSE. On Monday, GoSolarUSA announced that it signed a profit participation agreement with XSE that entitles GSLO to a percentage of XSEa�s future net profits worldwide.

aGoSolarUSA has made it a priority to bring new technology into the North American market for Apple product accessories, and we expect XSE to be an invaluable partner in that mission,a said GSLO President and CEO Tyson Rohde. aWith the announcement yesterday that the iPhone 4will be available on the Verizon (NYSE: VZ) Wireless network beginning in February, we anticipate that the massive domestic market for iPhone accessories such as the Volt will grow even larger in the coming months.a

The Volt Solar Charger is an external battery pack that attaches to the iPhone and extends its battery life using a top-of-the-line, built-in solar panel. TheVolt is capable of harvesting solar energy to charge all versions of the Apple iPhone with the same device. By capturing free, renewable solar power, the Volt recharges the iPhonea�s battery first before charging its own internal battery, nearly doubling the smartphonea�s talk time.

The Volt includes a larger battery than many competitors and is the only iPhone battery pack known to the company to include a reception corrector. In order to charge the Volt Solar Charger after sunset, a USB cable will also be included with the device. Manufactured in a variety of colors, the Volt will soon go on sale bundled with a one-year warranty.

aThis company has high hopes for the Volt,a Rohde said. aThere is great demand in this market for powerful smartphone accessories, and the Volt genuinely improves the iPhone user experience. We truly believe that this product has the potential to introduce solar technology to the daily lives of millions of iPhone users.a

Seeking to capitalize on the emerging new era of mobile communications, GoSolarUSA has been active in funding new accessory technologies for commercialization. In 2010, GSLO inked a profit participation agreement with the PREE Corporation, developers of the PREEcharge accessory for the iPhone and iPad.

GoSolarUSA is dedicated to aggressively acquiring, developing and marketing promising and potentially profitable technology. The Volt Solar Charger is a product of Xiamen Solar Electronics based in Xiamen, China. The iPhone is a product of Apple Inc. (NASDAQ: AAPL), which competes in the global mobile electronics market against Google (NASDAQ: GOOG) and Research in Motion (NASDAQ: RIMM).

For more information, please visit[ www.GoSolarUSA.com/Investors ].

About GoSolarUSA, Inc.

GoSolarUSA primarily identifies and develops new solar energy technologies in the United States. We believe this not only creates high-quality jobs in America, but it ensures the quality and availability of our products. GSLO is endeavoring to advance clean American solar technology to compete in an energy industry that includes stalwarts such as First Solar. GoSolarUSA is a US registered and reporting OTCQB market tier company.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words ashould,a aplans,a abelieves,a aexpects," aaims,a aanticipatesa or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to differ materially from those expressed or implied by such forward-looking statements. In addition, description of anyone's past success, either financial or strategic, is no guarantee of future success. This news release speaks as of the date first set forth above and the company assumes no responsibility to update the information included herein for events occurring after the date hereof.

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